Raymond James Financial Inc. acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 82,467 shares of the company's stock, valued at approximately $1,771,000. Raymond James Financial Inc. owned about 0.07% of ZIM Integrated Shipping Services as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of ZIM. Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth about $71,000. R Squared Ltd acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $88,000. HighTower Advisors LLC bought a new position in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $263,000. Truist Financial Corp lifted its position in shares of ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after purchasing an additional 1,376 shares during the period. Finally, MBE Wealth Management LLC boosted its stake in shares of ZIM Integrated Shipping Services by 58.9% in the 4th quarter. MBE Wealth Management LLC now owns 15,891 shares of the company's stock valued at $341,000 after purchasing an additional 5,890 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on ZIM shares. Barclays decreased their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. dropped their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services has a consensus rating of "Hold" and an average target price of $13.54.
View Our Latest Research Report on ZIM
ZIM Integrated Shipping Services Stock Down 14.3 %
Shares of NYSE:ZIM traded down $2.31 during midday trading on Thursday, hitting $13.82. 7,245,696 shares of the company's stock were exchanged, compared to its average volume of 5,887,729. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. ZIM Integrated Shipping Services Ltd. has a 12 month low of $9.75 and a 12 month high of $30.15. The company has a market cap of $1.66 billion, a PE ratio of 1.16, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The stock has a 50 day moving average price of $18.60 and a 200-day moving average price of $20.48.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping the consensus estimate of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a $3.17 dividend. This represents a $12.68 dividend on an annualized basis and a yield of 91.75%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio is presently 6.51%.
ZIM Integrated Shipping Services Company Profile
(
Free Report)
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.
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